Dec
14
Tribune Publishing is said to reject McClatchy takeover bid
Posted in: Uncategorized
Tribune Publishing Co.’s talks over a potential takeover by McClatchy Co. have ended without a deal for the regional newspaper owner, according to people familiar with the matter.
Tribune Publishing rejected a fully financed cash-and-stock offer from McClatchy, said the people, who asked not to be identified as the details aren’t public. Tribune Publishing is talking to other potential buyers, one of the people said.
Representatives for McClatchy and Tribune Publishing declined to comment.
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